2022-02-25 17:00:00
Bitcoins and their many look-alikes, often known as ‘crypto-assets’, are best viewed as a volatile, speculative asset class, which some users are prepared to accept as a form of payment.
One reason for central banks to want their own digital currencies is the efficiencies in payment systems which could result, but the reality is their motivations vary and go well beyond the efficiency argument.
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